[private]“This is a much deserved recognition for Jacques Stern, whose role and influence in the financial community has been beneficial to the Group for more than ten years now,” said Gilles Pe?lisson.

Jacques Stern is a graduate of the E?cole Supe?rieure de Commerce de Lille and a certified chartered accountant. After beginning his career with Pricewaterhouse as an auditor, he joined Accor in 1992 as Consolidation Officer and became Group Financial Planning Officer in 1996. He was then successively
appointed Group Controller General (2000), Executive Deputy Chief Financial Officer (2002) and Chief Financial Officer (January 2003). In March 2005, he became Member of the Management Board, in charge of Finance.

In 2006, Jacques Stern was appointed Chief Financial Officer, Executive Vice President in charge of Purchasing and Information Systems and Member of the Executive Committee.

Since September 1, 2008, he has also been in charge of Group Strategy and Hotel Business Development.[/private]